Palmer Lake, Douglas County, Colorado Property Taxes

Name: Property Tax Bills Across Palmer Lake, Douglas County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Palmer Lake, CO effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Palmer Lake, CO home value: $470,131
Median annual Palmer Lake, CO tax bill: $2,667, $267 higher than the national median property tax bill of $2,400.

How are property taxes in Douglas calculated?

Property taxes in Palmer Lake, CO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Palmer Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Palmer Lake, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Palmer Lake, Douglas County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.62%

Estimate Property Tax Bill

$2,915

$2,705

Ownwell’s Palmer Lake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Palmer Lake with just two data points. By entering your property's estimated assessed value, our calculator applies Palmer Lake’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Douglas County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Palmer Lake, Douglas County, Colorado

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

Palmer Lake, located in Douglas County, Colorado, has an effective property tax rate of 0.62%. This rate is below both the state and national medians, offering residents a more favorable tax environment compared to many other areas. Colorado's median property tax rate is also lower than the national median of 1.02%, making it an attractive state for property owners. The median property tax bill in Palmer Lake reflects this lower rate, providing a financial advantage to homeowners.

Comparing Palmer Lake’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S. highlights the benefits of owning property in this region. With a lower tax burden, residents can enjoy more disposable income while benefiting from the services funded by these taxes.

Property Tax Rates Across Palmer Lake, Douglas County, Colorado

Source: Ownwell

0.52%

0.71%

0.90%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Palmer Lake Tax Rate

0.62%

Median Effective Douglas County Tax Rate

0.64%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Palmer Lake, Douglas County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80133	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Palmer Lake, Douglas County, Colorado

When examining property taxes in Palmer Lake, CO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Douglas County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Douglas County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Palmer Lake. For example, the median home price in Palmer Lake is $470,131, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Palmer Lake, Douglas County, Colorado

Source: Ownwell

$328,961

$511,540

$694,118

Median Palmer Lake Market Value

$470,131

Median Douglas County Market Value

$496,355

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Palmer Lake, Douglas County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80133	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Palmer Lake, Douglas County, Colorado

In Palmer Lake, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners, the tax bill is determined by multiplying the assessed value by the local tax rate. In Douglas County, where Palmer Lake is located, the median home price is $470,131. The property tax bills range from the 25th percentile at $2,580 to the 90th percentile at $3,665, with the median tax bill being higher than the national median of $2,400. This indicates that homeowners in Palmer Lake generally face higher property tax bills compared to many parts of the country. Factors such as local government budgets and public service needs influence the tax rates, directly impacting the amount homeowners pay. Ownwell offers valuable assistance to homeowners by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only what is fair and necessary.

Property Tax Bills Across Palmer Lake, Douglas County, Colorado

Source: Ownwell

$2,067

$3,613

$5,159

Median Palmer Lake Tax Bill

$2,667

Median Douglas County Tax Bill

$3,328

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Palmer Lake, Douglas County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80133	N/A	N/A	N/A	N/A	N/A

Source: Ownwell